Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
PACKET Light and Power 1997-12-08
. TOWN OF ESTES PARK Light and Power Committee AGENDA December 8, 1997 8:00 a.m., Board Room 1. Long Range Financial Plan ° Max Kiburz 2. Fall River Hydro Plant Historic Preservation ° Citizens Advisory Committee 3. Transfer Portion of Existing 6900 Volt Line to Town ° Approve Contract with Western Area Power Administration 4. Street Lighting Standards and Practice ° Stray Light 5. Reports A. Platte River Power Authority B. Financial Report C. Project Updates NOTE: The Light and Power Committee reserves the right to consider other appropriate items not available at the time the agenda was prepared. REM Prepared 12/6/97 TOWN OF ESTES PARK Office Memorandum To: Light and Power Committee From: Richard E. Matzke-72-29- Date: December 9, 1997 Re: Long Range Financial Plan Attached is a summary ofthe Long Range Financial Study performed by M.E. Kiburz and Associates. The purpose ofthe study was to analyze the financial impact on the Light and Power Department of the capital improvements recommended by Electrical Systems Consultants in the Long Range System Plan. The total cost of capital improvements related to the Long Range Plan which were included in the financial study is $6,613,800. This includes all projects recommended by the Long Range Plan excluding one project on the Allenspark circuit estimated at $336,000. The financial study shows that these capital improvements cannot be fully funded from revenue alone. Some long term financing for capital projects may be necessary prior to the Estes Substation replacement scheduled for 2005, but will certainly be required at the time ofthat project. Lastly, no rate increases are reflected in the financial study, but may be required to support repayment of long term debt when financing is obtained. REM 1-1 M. E. Kiburz and Associates Consulting Engineers 443 Sugarloaf Mtn Rd Boulder, Colorado 80302-9639 (303>442-6450 Telecopy (303) 442-7472 December 3, 1997 Mr. Richard Matzke Town of Estes Park Light and Power Department 170 MacGregor Avenue Estes Park, CO 80517 Subject: Light and Power Department financial model. Purchase Order No. 06537 Dear Richard: Pursuant to our Agreement, I have prepared the attached financial model and summarized it in this letter. The computer model is developed using Microsoft Excel software and a copy is provided for use by the Light and Power Department *&PD). The model is intended to be a tool, which will allow the L&PD to test varying cost and revenue assumptions and determine the ten year economic impact on operations. The output ofthe model consists of seven pages, which are discussed later in this letter and develop the assumptions used in the model. To demonstrate one use ofthe model, two cases were run. One case was run assuming all capital projects are funded with current revenues and a second case was run assuming a portion ofthe capital projects are funded with bonds. When comparing the two attached page 1 summaries, it is noted if all ofthe capital projects are funded with current revenues the Available Cash Balance is depicted by 2004 versus 2005 for the case with some bond funding. The following discussions and pages 3 through 7 are for the case that assumes all capital projects are funded with current revenues. Pagel titled "Ten Year Financial Forecast" summarizes the projections developed on pages 2 though 7. Page 1 shows projected revenues and expenses for the1998 - 2007 ten year period for the L&PD and the resulting annual deficits and the accumulated Cash Available Balance. Page 1 based on the assumptions outlined in pages 3 through 7. The annual deficits deplete the cash available balance to zero in 2004. With impending competition, it is recommended that the L&PD consider maintaining a Cash Available Balance equal to approximately 25% ofthe annual revenues from sales. In 1998 this recommendation results in a balance of approximately $1,750,000. This balance provides a cushion to absorb 1-2 annual variations in the revenues and expenses. Page 1 includes footnotes which further explain the source of the figures shown on page 1. Page 2 is essentially the same as pagel with added detail for operating expenses and other income. Page 3 shows the projection ofnumber of bills and kWh. The method adopted for the financial model is a projection ofthe number of bills based on a linear trending of 1993 - 1996 data. The projection ofthe number ofbill through 2007 is shown on the middle ofthe page. As an example the number of residential bills is projected to grow from 75,376 in 1998 to 88,444 in 2007. The projection of kWh sales is based on the number ofbills time an average use per bill for each rate class. The average use per bill is set based on the average use for 1993 through 1996. The resulting kWh projection by rate class is shown on the top ofthe schedule. The far right hand column shows the average annual growth rate in kWh sales. As an example the residential class kWh sales are projected to grow at an annual average rate of 1.79%. The system total kWh sales are projected to grow at an average annual rate of 2.68%. The RMNP rate is a relatively new rate and for purposes ofthis projection is assumed to grow at 1.5% per year. The kWh sales projection is an important factor in the financial forecast and is used to estimate the revenues and purchased power cost. Page 4 titled "Revenues" develops the estimated revenues by rate class. The revenues are a result of multiplying the projected kWh sales time the unit revenue for that rate class. The projected sales are from page 3 and have previously been discussed. The unit revenues ($/kWh) is based on actual revenues and kWh sales for the twelve months ended July 31, 1997. The unit revenue factor should be updated as rates are changed or as more current data becomes available. This schedule also allows for implementing future rate changes on an annual across the board basis. Miscellaneous revenues are also input on this schedule. The revenues are input to pagel. Page 5 titled "PRPA Purchased Power Cost" projects the cost of purchased power. The power cost projection is based on page 3 kWh sales plus losses. The projected billing demands are based on factors developed from historical purchases for the 1993 - 1996 period. The historical data used to develop the factors is shown on the bottom of the page. The factor allow the estimation ofthe billing demand from projected kWh sales plus losses. The PRPA rate is $10.64/KW and $.015/kWh and is assumed to remain constant throughout the ten year period. Since the PRPA rates and purchase load factor does not change, the unit cost of purchased power remains constant at $33&[Wh. This schedule provides a basis for inputing future PRPA rate changes. Page 6 titled "Operating Expenses" projects the operating expenses other than purchased power. This schedule also shows historical 1996, estimated 1997 expenses and 1998 budget expenses. The projected operating expenses use the 1998 budget expenses as the starting point. Except for Equipment Maintenance which is adjusted to reflect one time cost to refurbish the hydro plant. The assumed escalation rates are shown on the bottom ofthe page. The escalation rates used for a specific account are denoted in the column identified as "ER". The assumed escalation rates are 2% for all expenses except labor related, franchise fee and customer deposits. This schedule also shows the calculation ofthe Transfers out ofthe L&PD. The Transfer out are based on 9.5% of the revenues from sales. The assumed escalation rates are not based on an evaluation ofthe historical trends, but reflect lower levels of escalation that may be required to remain competitive. Table 1 summarizes the 1=-3 operating expenses for 1992 through 1998 budget. The footnotes highlight areas, which were identified as contributing to significant changes. Table 1 Historical Operating Expenses ($000) Year 1992 1993 1994 1995 1996 1997 Budget 1998 Distribution 593 906 758 746 810 898 931 Customer Accts. 282 368 362 388 391 428 448 Admin. & Gen. 783 540 705 706 817 897 998 1. The 1993 Distribution expenses are higher primarily as a result of extraordinary maintenance and resulting higher salaries and benefits. 2. The increase in Admin. & Gen. Expenses in 1994 was primarily associated with salaries and benefits. 3. The 1996 increase in Distribution expenses was due primarily to salaries and benefits. 4. The 1996 increase in Admin. & Gen. Expenses was due to increases in salaries and benefits and a new expense category of"Exhibit and Displays". This new expense accounted for $52,000 ofthe $110,000 increase in the Admin. & Gen. Expenses. Table 2 shows the historical average annual percent increase in expenses for 1996 through budget 1998 and 1992 through budget1998. Table 2 Expense Grow Rates 1996 - 1998 1992 - 1998 00 06) Distribution 7.2 7.8 Customer Accts 7.0 8.0 Admin. & Gen. 10.5 4.1 The historical growth in operating expenses is greater than those used on page 6 to prepare the ten-year forecast. This is one area in the financial model that requires additional refinement. The format ofthe Operating Expense schedule is designed to allow modification to the escalation rates. Page 7 titled "Capital Improvements and Interest Income" shows the development ofthe capital budget, interest income and allows bond funding of capital projects. The capital budget is from data provided by the L&PD. Changes in the capital budget can easily be input in this schedule. This schedule assumes 10% of a portion ofthe capital projects are funded by customer contributions. This schedule allows for the capital projects to be funded from current revenues or bond funds. This schedule estimates interest income on L&PD Cash Available Balance at a 6% interest rate. The interest rate can be set at different levels for each ofthe years. 1-4 In summary the financial model is intended to provide the L&PD a planning tool for estimating the financial impact for varying assumptions and changes anticipated in future operation ofthe L&PD. Sincerely, 241&*C« Max Kibuh Attachment 1-5 00 0 51 X N M AN 00 O f© 0 gES#J;822 U000€90 00 t- - -0 0 1 jaci V.1 0 31 g . Ul M 91-1 H NI " 00 00 0 0 0 3 5 2 3 00 0 QI S~ 0 . t-,1 r- - WI g MI O 00. O el M N*DOD ER ] ST. AKRK Al O Al - 4- N co Al g 001 h O * O 0 . 0.1 i ·-1 - - r- =r r- 0- 2 53 0 C\ u 315: go U €9~ M~ ~1~9,-, 01 -=f 7-1 04 N 81 8 R el 00 M S 74 -1 1 n- en r. U- 2 g ° 21 21 g 00 -=M =- h Cl u h 0 0 54 o n 0. 0.1 n » 00 00.1 h h O vl MI N C·, C\1 tr, O A n N 0 4 4 9 92 R r. e- d8 Y 0 01 U .-01000 0 0 9 d .2 v-1 1- Do N M 2.t; c R MI O - 00 1 n. 9 1 1 h V -- :3 R W * 9 0 k 21 9 -- .4 40 :20% Et*gae 4 6 4 O 01 00 M 51 5 o 0 5 -O 2 01 a c,6 gl= , 92 9 miL 0 Rl g =1 44 4 2.11 MI O CN C- CR· u- g g 22 2 8 £2 6 ge , & ~4122 N 6. M M Mia 0 0 0.5 k -8 'll -0 -0 -0 .0 0 t= M e W e 5 -0- A A M 1 8 50 28 3. 5 3 6 * 0 6. 2 2 2 23 b t- 6 h co b . a # 1 20 g j f 1 2 5 8 - M 4 1 8 41 u 21 4 3 too ts b t -E~14 85.515~~i~ %f 1 M N h N O t- 0 C=g to ¢ Cs $ 5 -2 29 U 2 22 E Et @43 · r r r ip r ag mp ~ 0000020 0 i-2:2 8:3 14 3 -2 w 14 aill 1 -9- 1 11* i fiE - 9 7.0 50 d X a C• a O• O' 2 '~· 39jlci~Jilu,ES,Bid E 9.8 & 04 6 71£ A ~ & 25 8 < E- EL.E C 0 0 O CO 0 0 42 E- <O ca 0 93 Z 4 4 0 4 4 3 t< 06 1-6 1998 2002 2003 2005 2006 2007 3,571,671 3,692,008 3,812,346 3,932,684 4,053,022 4,173,360 4,293,698 4,414,035 4,534,373 4,654,711 3,072,381 3,151,444 3,23 3,388,731 3,467,859 3,547,005 3,626,168 3,705,349 3,784,547 154,516 154,773 155,544 155,801 156,05 156,31 156,57 156,82 3,658,472 3,767,664 3 3,986,078 4,095,299 4,204,529 4,313,770 4,423,020 4,532,281 4,641,551 931,174 964,517 999,143 1,035,103 1,072,450 1,111,238 1,151,524 1,193,365 1,236,824 1,281,964 6Z6'Zd6 65*'ZIR L Z'I 000'Lti'l 236.969 244.150 249.057 251 8,645,351 8,847 447,736 463,517 7 496,8 8 514,484 532,760 551,720 571,392 591,803 61 M) (61*92 (610'68) L86'I6£ SZ6'6 6*t'*Z 91£'169 Z6*'9I9 6Z EL£'t+9 915.856 538 1.015.273 .631 1.068.631 1.096.298 1.12 6,863,801 7,058,644 7,256,409 7,457,206 1,174,951 1,182,266 1,186,700 1,188,144 142,378 142,378 569,510 569,510 (989'660'I) (960'69I'I) (BL+'I06) (916~999)1 (:5:~) %;ttz (z':OE) (Z,z) (IZ I (1.39'ZOO (9£*'£1,8'Z) (6*L'Ett'I) (1,59'+Lf) t'ZR'9ZE 0§L'ZR6 EZI'I Zt' I 891'ZRI'I ZZI'LWI 894'9*8'I 680'88€Z oouuIeE[ 609'Lf §96' L9Z'£ZI LZZ'LZI *RL'Rt,I £*17'LIZ 6IS'£9L L98'*~L 9I 6'5ZL 996'9 610'889 £LO'699 98I'I E9 000'000'E 000'000' I 0 ht And Power Department 'spuoq 41!/A sloofold 1171!deo oming Ru!punj JOJ s! UIOU ou'I s!11.1, 'lqop uum B Ied!ouudjo uoiloofold.IoJ L Jo Town o f Estes Park n Year Financial Forecast 'sosuodxo uog g ·uitupe pue Sluno LJo I 'sonuo ·spuoq 41!A POP~~ AI~I~~l~~d~ oorold Ielide .SOIUS 013 SOnUOA posetpmdlo luouIdoIoAO a g Expenses: E do umssixisgoolojsoJso 000 re, C~ 40 0 *3228!gO Melt- F.aff:f thcl-. -Ngr-u NNO CD 00 Atnen ~D. Na V 32 4. 0 0, -Ot- U.0091· O 0" Or-r- N. n q h *2 Ne t- 4- O M t- - too -)O 0 re,00 9 ./. tl 000 00 0 -0 0 0 70 23° 0 5.00. t-© h O Cloo 0 St n O n '( -, g N £4 Don E ./. -. r. u- 00 cir--O 0 :3 et- n h h e-4 t.n 0 Cl r. A T Crl O -1.-0 0 RR 4 0<. -- -- . WO 1 U -1 M M O 0 f ¢9 r·-1 M - - t- 001 •4 00 M * C·4 rn n 0 1 04 q Cl 0- ED g€ 1 & 0 8 80 2 WS 11 02 1 ·· a 0 8 0 98-/4 oo R - 9-0 P =r .3 2 1 2, 0 §.M e N eo so g 8 £ .11 3 6 4, .54 2//4 2 1 0. 6 -2 lic:!8*&2:-&¢256<6-8;E:2%482 om 1 W k.= 9 93 8/ 0 1-7 3,571,671 3,692,008 3,812,346 3,932,684 4,053,022 4,173,360 4,293,698 4,414,035 4,534,373 4,654,711 3,072,381 3,151,444 3,230,523 3,309,619 3,388,731 3,467,859 3,547,005 3,626,168 3,705,349 3,784,547 154,51 154,77 155,03 155,28 155,54 155,80 156,05 156,31 156,57 156,82 295.000 232,300 234.623 236.969 239.339 241,732 244.150 246.591 249.05 251.548 7,093,568 7,230,526 7,836,635 8,038,752 8,240,910 8,443,109 8,645,351 8,847,634 000'RE ~00'RE ££*' 1 5 EFZ'ZL 6Z6'*OI LZZ'LZI RAL'**I 981'LRI Ett'LIZ OEL' I 08 6I8'£9L L92'tt,L 9I6'CZL 996'90L 6I0'R89 ELO'699 RZI'0§9 §8 I'I £9 3,658,472 3,767,664 3,876,866 3,986,078 4,095,299 4,204,529 4,313,770 4,423,020 4,532,281 4 41 964,517 999,143 1,035,103 1,072,450 1,111,238 1,151,524 1,193,365 1,236,824 1 8 63,517 479,887 496,868 514,484 532,760 551,720 571,392 591,803 1 915.856 939,849 964.404 989,538 1.015.273 1.041.631 1.0 1.096.298 1.12 8£9'918't) (19£'981'*) (92'999'£) (66I'§££) 188'EZZ I 69'OM BrI'ZEI'I ZZI'Lgt'I 894'9+8' I 680'88¢Z DOUUIT,FI *qUITUAV qse I £'£1, IRS'09t ZES'884 6*Z'IZS LZB'995 §I E'I 69 Z6*'9I9 6ZI'999 £L£'ft9 956' 11 I 65*'ZIE'E £ I 6'LtO' I 861'898 £60'8LI'I 081'968 8£8'§L6 OrL'L61'I 000'LfI'I 'AON 'm Jdui IBM (985' 6 ) (LL5'IdE'£) (ISO'655) (600'Lt,£) (LgE'I I 9) (596'40£) (9*£'69£) (119'It,9) (Lz9'zog) 14,9'890'L IOS'£98'9 9Z'ZSI'I 156't,LI'I ating Revenue: (1) (8) AtnoueuM puo . Town of Estes Park Light and Power Department Ten Year Financial Forecast Detailed Budget 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 1~ .Ill - 1 - Operating Revenues: Residential 3,571,671 3,692,008 3,812,346 3,932,684 4,033,022 4,173,360 4,293,698 4,414,035 4,534,373 4,654,711 Commercial 3,072,381 3,151,444 3,230,523 3,309,619 3,388,731 3,467,839 3,547,005 3,626,168 3,705,349 3,784,547 Municipal 154,516 134,773 155,030 135,287 155,544 155,801 156,058 156,315 156,571 156,828 Proposed Rate Change 0 0 0 0 0 0 0 0 0 0 Miscellaneous 295.000 232.300 234.623 236.969 239.339 241,732 244.150 246.591 249.057 251,548 Total 7,093,568 7,230,526 7,432,522 7,634,559 7,836,635 8,038,732 8,240,910 8,443,109 8,645,351 8,847,634 Operating Expenses: Purchased Power 3,658,472 3,767,664 3,876,866 3,986,078 4,095,299 4,204,529 4,313,770 4,423,020 4,532,281 4,641,551 Distribution Salaries 614,615 639,200 664,768 691,358 719,013 747,773 777,684 808,791 841,143 874,789 Payroll Taxes 47,025 48,906 50,862 32,897 55,013 57,213 39,502 61,882 64,357 66,931 Employee Benefits 109,515 113,896 118,451 123,189 128,117 133,242 138,571 144,114 149,879 155,874 Maintenance 64,100 65,382 66,690 68,023 69,384 70,772 72,187 73,631 75,103 76,605 Supplies 36,750 37,485 38,235 38,999 39,779 40,575 41,386 42,214 43,058 43,920 Insurance 20,180 20,584 20,995 21,413 21,843 22,280 22,726 23,180 23,644 24,117 Rent 35,200 35,200 35,200 35,200 35,200 35,200 35,200 35,200 35,200 35,200 Other 3.789 3.865 3.942 4.021 4.101 4.183 4.267 4.352 4.439 4.528 Subtotal 931,174 964,317 999,143 1,033,103 1,072,450 1,111,238 1,151,524 1,193,365 1,236,824 1,281,964 Customer Accounts Salaries 264,635 275,220 286,229 297,678 309,586 321,969 334,848 348,242 362,171 376,658 Payroll Taxes 20,250 21,060 21,902 22,778 23,690 24,637 25,623 26,648 27,714 28,822 Employee Benefits 56,435 38,692 61,040 63,482 66,021 68,662 71,408 74,265 77,235 80,325 Maintenance 70,125 71,328 72,958 74,417 73,906 77,424 78,972 80,532 82,163 83,806 Uncollectable Acct 9,730 9,945 10,144 10,347 10,554 10,765 10,980 11,200 11,424 11,652 Other 26.541 27.072 27.613 28.166 28.729 22201 22.222 30.487 31.097 31.719 Subtotal 447,736 463,517 479,887 496,868 314,484 532,760 551,720 371,392 391,803 612,982 Admin. & Gen. Salaries 199,410 207,386 215,682 224,309 233,281 242,613 252,317 262,410 272,906 283,823 Payroll Taxes 15,255 13,865 16,500 17,160 17,846 18,560 19,302 20,075 20,878 21,713 Employee Benefits 35,975 37,414 3 8,9 I 1 40,467 42,086 43,769 45,520 47,341 49,234 51,204 Oince Supplies 35,000 33,700 36,414 37,142 37,885 38,643 39,416 40,204 41,008 41,828 Professional Fees 43,100 43.962 44,841 45,738 46,653 47,586 48,538 49,308 50,499 51,508 Exhibits and Display 60,000 61,200 62,424 63,672 64,946 66,245 67,570 68,921 70,300 71,706 Utilities 42,260 43,105 43,967 44,847 45,744 46,658 47,392 48,543 49,514 50,505 In Lieu ofFanchise 198,139 205,304 211,286 217,269 223,253 229,237 233,221 241,206 247,192 253,178 Rent 77,250 77,230 77,250 77,250 77,250 77,250 77,250 77,250 77,250 77,250 Vehicle Afaint 90,000 91,800 93,636 93,309 97,419 99,367 101,355 103,382 105,449 107,558 Equipment Maint 127,850 23,000 23,460 23,929 24,408 24,896 25,394 25,902 26,420 26,948 Interest on Cust Dep. 15,500 14,371 14,790 15,209 15,628 16,047 16,465 16,884 17,303 17,722 Education & Training 14,500 14,790 15,086 15,388 15,695 16,009 16,329 16,656 16,989 17,329 Dues & Subscription 7,740 7,895 8,053 8,214 8,378 8,546 8,716 8,891 9,069 9,250 Other 36.092 36.814 37.550 38.301 39.067 39.848 40.645 41,458 42.288 43,133 Subtotal 998,071 913,856 939,849 964,404 989,338 1,015,273 1,041,631 1,068,631 1,096,298 1,124,655 Total Expenses 6,035,453 6,111,554 6,295,746 6,482,453 6,671,772 6,863,801 7,058,644 7,256,409 7,457,206 7,661,132 Operating Income 1,038,115 1,118,971 1,136,777 1,152,106 1,164,864 1,174,951 1,182,266 1,186,700 1,188,144 1,186,482 Principal & InterestLTD 0 0 0 0 0 0 0 0 0 0 Non-Operating Revenue Leased Property 29,000 29,000 29,000 29,000 29,000 29,000 29,000 29,000 29,000 29,000 Interest Income 179,443 149,285 110,788 89,227 70,929 34,253 13,433 0 0 0 Sale of Fixed Assets 9.000 9.000 9.000 9.000 9.000 9.000 9.000 9.000 9.000 9.000 Subtotal 217,443 187,285 148,788 127,227 108,929 72,253 51,433 38,000 38,000 38,000 Transfers Out 631,185 650,128 669,073 688,019 706,966 725,916 744,867 763,819 782,774 801,730 Available Capital Improv. 644,373 656,129 616,492 591,315 566,827 521,289 488,832 460,881 443,371 422,733 Capital Improv. Cur. Rev. 1,147,000 1,297,750 975,838 896,280 1,178,093 868,298 1,047,913 3,812,459 1,042,956 952,929 Surplus / (Deficit) (502,62D (641,621) (359,345) (304,965) (611,267) (347,009) (559,081) 0,351,57D (599,585) (530,176) Notes: 1. See notes on page 1 of 7. 2. See page 6 of 7 for assumed escalation rates for expenses. .te:forecakil,Det Op St 12/3/97 ;1-8 0 5 & 2 2 2 0 2 2 0 2 ~9*nKREACCRg 5 0 06 - - - M N 4 0 U N 4 6 g 0 1% 9219:23 512 32&9363 RR M M W M .O o M ell O - 9. n 9. X¢%12-g tic€-17. g. d acE-- - - - ~ 2@ASRWAXI* Mggzgws 5@ a. M %0 0 M M €9104 ~A'€4~*%,4-1:R. 5:i' 22-3- 4 - 0- 1 2 E z R M R R 1~ E § 50* * A M. M M M Mlt- 0, g RI a 2 4 -' N = -04 8-00 53 3&5 5~ ~Q~ - - MMODOM ©2©02 ~263§ 5* ¥ A N 2 2/ . rr M. 4 1 ~ MN 7 -0 00¢90 AW g At Alm. 500 * -1 - N 00. -- a = 1£0 1 §05 5~R al 0 R U: a -1 00 -04 - 0 E- t= - 'Eb 3 00 W 001 r 00 8 8 9 5 „3§ @R K N -18 %1 Z R BIn N " -1 n m r.4 -1 - 0 f M El R 5fr 5* qi M 26 R 11 BE- /9 1 1 38- 0 E Eig BE 8- 51 &.WS R. 0 - 0 2 22 - .4 i h M •4 1- h M 6 S = = .0 16 11 /1 O 6. 15 ruu~* 2,151::is &,M~jaci: Miaus 1 0 2 d U 9 -2 8839&2 -5 & :1 ~ 7- 0* .3 E *-2 M:EMA:12.8812* 2%04"-00*24 %04"0'woo'ed £=rie•; li 1-9 LE6'IZI 095'6II [El'LII 90L't,I I 6LZ'Z I I Egg'60I 9Zt''LOI 666't,OI ZLS'toi 541'001 ~6nori EL*6 l,Lt'£6 £9*'06 Z6L'L8 00Lt 00Lt OOL'Z 00Lt OOL'Z OOLY OOL'Z 69L 6 I 8[8 000'0£ 000'0£ 000'OE 000'OE 000'OE 000'0£ 000'0[ 000'OE 000'0£ 000'0£ 610'0£ £'0[ LICOE 6I6'6Z £*Z'6Z OR'* 05Ib OR'* 05I1, 051'4 05I't, 051'4 051'4 051't, 091'4 *fi', Zort I51'4 Z*I't 1996 1998 1999 2003 2004 2005 20 68,452 68,880 71,385 72,457 73,924 7*7 71:C 72~° 7%36~ 81,2 * 84,088 ~ 8 73,246 75,7~ 78,27~ 79,204 81,719 83,761 85,804 87,847 89,890 91,93 9 96,018 98,061 1 13,~ 13,311 13,752 14,186 14,491 14,8 8 15,205 15,562 15,919 16,27 1 17,34 D ©EMNE;*LU= 1 :23 44450 44846 47438 48673 50,959 53,769 55,633 57,497 59,361 61,225 64,952 66,8 88261 90035 94684 974 115,147 118,303 121,458 124,614 1 09£'I 09£'I 09£'1 09['1 09£'I 99£'1 I9£'I ECE' I 23485 24982 26031 28,821 29,604 30,387 31,170 31 95 1.242 1,260 1.279 1. 99 1 0£6'1 0[6'1 'I LZ61 94 896'I 688'1 17841 17737 18723 19489 19,654 20,193 20,6 21,164 21,649 22,135 814 830 845 861 877 892 883 909 987 1,013 1,03 604 601 604 605 60 061, 064 664 064 LE artmcnt 2485 2470 2492 2 90 2,505 2,509 2,513 517 LJO E 6,059 6,092 5,933 6,966 (Z) Ogn 091]JOAV Projected 509 9 909 •NUP 966 1 - £661 Jo lu Puo.q JUOU!! v UO pos,q,SUOOJOJ Eli! '9661-9661 101 posn SSEp 019,Jo oBUJOAV UO pOS¥q S! 11! 71!q/qmi Oum uoiloofold sluqJO loquinu uo poseq uolloofold 31 145 669 1619 638 2,282 2,324 2,367 2,409 2,45 2,536 2,579 , Town of Estes Park Light and Power Department Revenues 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 MWh (1) Residential 36,934 37,645 38,357 39,068 39,780 40,491 41,203 41,914 42,626 43,337 Res. Demand 14,553 15,663 16,773 17,883 18,993 20,103 21,213 22,323 23,433 24,543 Res. TOD 2282 2,324 2,367 2,409 2,452 2,494 2,536 2,579 2,621 2,664 Subtotal 53,769 55,633 57,497 59,361 61,225 63,088 64,952 66,816 68,680 70,544 GS Small 20,193 20,678 21,164 21,649 22,135 22,620 23,106 23,591 24,077 24,562 GS Large 28,038 28,821 29,604 30,387 31,170 31,953 32,736 33,519 34,302 35,085 Municipal 2,496 2,500 2,505 2,509 2,513 2,517 2,521 2,525 2,529 2,534 RMNP 1.188 1205 1223 1242 1260 1279 1299 1318 1.338 1358 Total 105,684 108,838 111,993 115,147 118,303 121,458 124,614 127,770 130,926 134,082 Unit Revenue S/kWh (2) Residential 0.0696 0.0696 0.0696 0.0696 0.0696 0.0696 0.0696 0.0696 0.0696 0.0696 Res. Demand 0.0622 0.0622 0.0622 0.0622 0.0622 0.0622 0.0622 0.0622 0.0622 0.0622 Res. TOD 0.042 0.042 0.042 0.042 0.042 0.042 0.042 0.042 0.042 0.042 Subtotal GS Small 0.0742 0.0742 0.0742 0.0742 0.0742 0.0742 0.0742 0.0742 0.0742 0.0742 GS Large 0.0536 0.0536 0.0536 0.0536 0.0536 0.0536 0.0536 0.0536 0.0536 0.0536 Municipal 0.0619 0.0619 0.0619 0.0619 0.0619 0.0619 0.0619 0.0619 0.0619 0.0619 RMNP 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 Revenue: (S) (3) Residential 2,570,606 2,620,125 2,669,644 2,719,163 2,768,682 2,818,201 2,867,720 2,917,239 2,966,758 3,016,277 Res. Demand 905,219 974257 1,043,296 1,112,334 1,181,373 1,250,411 1,319,450 1,388,488 1,457,527 1,526,565 Res. TOD 95.846 97.626 99.406 101,187 102.967 104.748 106.528 108.308 110.089 111.869 Subtotal 3,571,671 3,692,008 3,812,346 3,932,684 4,053,022 4,173,360 4,293,698 4,414,035 4,534,373 4,654,711 GS Small 1,498,291 1,534,317 1,570,342 1,606,368 1,642,393 1,678,419 1,714,444 1,750,470 1,786,496 1,822,521 GS Large 1,502,837 1,544,806 1,586,774 1,628,743 1,670,712 1,712,681 1,754,650 1,796,618 1,838,587 1,880,556 Municipal 154,516 154,773 155,030 155,287 155,544 155,801 156,058 156315 156,571 156,828 RMNP 71253 72.322 73,407 74.508 75.625 76.760 77.911 79.080 80266 81.470 Total 6798568 6998226 7197899 7397590 7597296 7797020 7996760 8196518 8396294 8596087 Miscell. Revenue(4) 295,000 232,300 234,623 236,969 239,339 241,732 244,150 246,591 249,057 251,548 Escalation 1.01 Proposed Rate Changes: (Across the Board) Annual Change % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Accum. Change % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Revenue 0 0 0 0 0 0 0 0 0 0 Notes: 1. Sales projection from page 3 of 7. 2. Unit revenue based on data for twelve months ended 7/31/97. 3. Revenue equals MWh sales times unit revenues. 4. 1998 includes $65,000 of grant money for refurbishing the hydro plant este:forecast.x!:Revenue 12/3/97 1-10 MAN- N rt 00*MONOW 9 0,0.dna< "00 U rn r N - WC,--MUU "· M N 1 Hu 00 9 U- 2 368 01 Ond r... c~ n dc! - M. rl 0 Ot- M N -O M. O. 6 rn ¢9 rn N rn . h 0 en - - N 4. O. n N N Er 00-N91·tn „M eMOO 91- rn U 00 0 O- OMMO 0.0 0.0.6 do n r q re; 0 4 O NOMM * O. N N -er,91-91· O 91- O W 0 1 ~~-~.0.6 N. 0\ 3 a 61 0 8 M. R M D 2 3 *ttle U b 0 06 4 - 3 5 Cl O C< 00 OV 3 3 6 & A. E t¤ e .r : In 0- do 0 0 01 00 2 -- e ¢1 91· h O 0 Chi 00 OI l 0 6 4 4 -1 2 0 # -0 0 - - 1. AN- 0 1 DO „ 0 U 0 9 Ir 1 9. 9 Ed 6 =r 1 LO O O 0 - - ot.rt-Inch O 91-DO CN un =OdcK 0 0 0 9 0 mGg 09 9 00. n 4 3%- Uk -0 9 8 & en "18 1 0 2. 4 5 nom ~ 8„22 U.M.0,9 8= M z> >·004 g mo g m_ 16 -12.4 18.#16 9~•· Il N :1 21 1 $11 9 5 1 4, N I -2 - 910 2*6ME> 2% 0 2 = 0% 0 21 0 C [13 H k :4>•007.241291~64.3 Z 26 . C. A (0 4 4 1-11 1998 2000 2001 2003 2004 2005 2006 2007 10.64 10.64 10.64 10.64 10.64 10.64 1 10.64 0.015 0.015 0.015 0.015 0.015 0.015 0.015 0.015 187,551 193,148 198,746 204,345 209,944 215,5 221,144 226,74 237,9 8 1,995,538 2,055,097 2,114,662 2,174,232 2,233,808 2,293,388 2,352,974 2,531,765 1.662.934 1.712.567 1.762.204 1.811,845 1.861.491 1.911.141 1.960.796 118 2.109.787 3,658,472 3,767,664 3,876,866 3,986,078 4,09 299 4,204,529 4,313,770 4,42 4,641,551 $/MWh (Purchases) 33.00 33.00 33.00 33.00 33.00 33.00 33.00 MWh Sales (1) 111,993 115,147 11 121,458 124,614 127,770 0.049 0.049 0.049 0.61 9.04 Purchases 117,480 120,790 124 99 127,409 130,720 13 ISO I18'0 808.0 *18'0 tIB'O I9.0 I I 9'0 5*5.0 1,590 Z090 Jolood pcol III rtment Town of Es;cs Park 091110AV 966 I I9L'IZ I 836'LI 1,8£'9I LL6'§LI I08'89I L86'85 I 60Z'LY I (uo 33 £0 I ZE» L98'EI5't,6 09t''ZI5'Z6 LSO ELS'O 8980 fLS'O LEO'E IE9'6 898.8 0!le>I lood 01 ~66~~ *661 £661 8.17 8/.5 VcRId 041 01 sluourlsnfpe KuV 'Pouod 1&000-IOJ 041 99no.n~ luelsuoo UmuoJ 01 poums-se 02 soll?J VdH 086'I8I Mt'BLI (uow-m Basic :MOIoq UMONS CluG IEOU01SH-I uo poseq i 'SOwl OU10OIO fu noi 041 U! PoloOUm Oq p d KW 20,747 21,366 21,985 22,605 23 23,8 24,463 25 , , Town of Estes Part Light and Power Department Operating Expenses Actual Estimated Budget 1996 1997 1998 ER 1999 2000 2001 2002 2003 2004 2005 2006 2007 Distribution Salaries 551.550 589,470 614,615 L 639.200 664,768 691,358 719,013 747,773 777,684 808,791 84],143 874,789 Payroll Taxes 41,783 43,980 47,025 L 48,906 50,862 52,897 55.013 57.213 59,502 61.882 64.357 66,931 Employee Benefits 97,130 101,275 109.515 L 113,896 118,451 123,]89 128.117 133.242 138,571 144,114 149,879 155,874 Maintenance 51,466 64,885 64,100 D 65,382 66,690 68,023 69,384 70,772 71187 73,631 75,103 76,605 Supplies 23,854 39,700 36,750 D 37,485 38,235 38,999 39,779 40,575 41,386 42,214 43,058 43,920 Insurance 6,980 19,504 20,1BO D 20,584 20,995 21,415 21,843 22,280 22,726 23.180 23,644 24,117 Rent 35,200 35,200 35,200 S 35,200 35,200 35,200 35,200 35,200 35,200 35,200 35,200 35,200 Other 2.312 2.Mi 1112 2 3.865 12!2 4.021 4.101 4.183 4.267 1222 4.439 4.528 Subtotal 8]0,445 897,760 931,174 964,517 999,143 1,035,103 1,072,450 1,111,238 1,151,524 1.193,365 1.236,824 1,28],964 Customer Accounts Salaries 253,106 25i660 264,635 L 275,220 286,229 297,678 309,586 321,969 334,848 348,242 362,171 376,658 Payroll Taxes 21,628 21200 20,250 L 21,060 21,902 22.778 23,690 24,637 25,623 26,648 27,714 28,822 Employee Benefits 56,988 55,655 5i435 L 58,692 61,040 63,482 66,021 68,662 71,408 74,265 77,235 80.325 Maintenance 50,329 59,650 70,125 CA 71,528 72,958 74,417 75,906 77,424 78,972 80,552 82,163 83.806 Uncollectable Acct 4,048 16,750 9,750 Below 9,945 10,144 10,347 10,554 10,765 10,980 11,200 11,424 11,652 Other 4.948 18.077 26.541 26 27.072 21£11 28166 21122 22.323 29.889 32EZ 31.092 11212 Subtotal 391,047 427,992 447,736 463,517 479,887 496,868 514,484 532,760 551,720 571,392 591,803 612,982 Admin. & Gen. Salaries 193.835 189,310 199,410 L 207,386 215,682 224,309 233,281 242,613 252,317 261410 272,906 283,823 Payroll Taxes 14,071 14,555 15,255 L 15,865 16,500 17,]60 17,846 18,560 19,302 20,075 20,878 21,713 Employee Benefits 34,821 34,007 35,975 L 37,414 38,911 40,467 42,086 43,769 45,520 47,341 49,234 51,204 Office Supplies 26,258 62,600 35,000 AG 35,700 36,414 37,142 37,885 38,643 39,416 40,204 41,008 41,828 Professional Fees 40,198 56,550 43,100 AG 43,962 44,841 45,738 46,653 47,586 48,538 49,508 50,499 51,508 Exhibits and Display 52,153 59,140 60,000 AG 61,200 62,424 63,672 64,946 66,245 67,570 68.921 70,300 71,706 Utilities 37,860 41,910 42,260 AG 43.105 43,967 44,847 45,744 46,658 47,592 48,543 49,514 50,505 In Lieu of Franchise 184,345 191,085 198,139 Below 205,304 211.286 217,269 223,253 229,237 235,221 241,206 247,192 253,178 Rent 77,250 77,250 77,250 S 77,250 77,250 77,250 77,250 77,250 77,250 77,250 77,250 77,250 Vehicle Maint. 97,986 87,000 90,000 AG 91,800 93,636 95,509 97,419 99,367 101,355 103,382 105,449 1 07,558 Equipment Maint (2) 13,321 20,150 127,850 AG 23,000 23,460 23,929 24,408 24,896 25,394 25,902 26.420 26,948 Interest on Cust Dep. 12,929 12,000 15.500 Below 14,371 14,790 15.209 15,628 16,047 16,465 16,884 17,303 17,722 Education & Training 10,411 ] 0,000 14,500 AG ]4,790 15.086 15,388 15,695 16.009 16,329 16.656 ]6,989 17,329 Dues & Subscription 7,825 7,915 7,740 AG 7,895 8,053 8,214 8,378 8,546 8,716 8,891 9,069 9,250 Other 13.463 33.289 2£222 82 36814 37.550 li.321 22»MZ 39848 12.21 41.458 42.288 61123 Subtotal 816,726 896,761 998,071 915,856 939,849 964,404 989,538 1,015,273 1,041.631 1,068,631 1,096,298 1,]24,655 Total Expenses 2,018,218 2,222,513 2,376,981 2,343,890 2,418,879 2,496,375 2,576,473 2,659,272 2,744,874 2,833,389 2,924,926 3,019,601 Escalation Rates: (ER) Labor (L) 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 Distribution CD) 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 Customer Accounts (CA) 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 Admin & Gen- (AG) 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 Special (S) 0.00 0.00 0.00 0.00 0.00 O.00 O.00 O.00 0.00 Other Basic Data: Revenue Sales 6173261 6,644,051 6,843,452 7,042,869 7,242,303 7,441,753 7,641,219 7,840,703 8,040,204 8,239,722 8,439,258 Cal. Franchise Fee %(1) 0.0298619 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 Int. Cust Deposit % (1) 0.0020944 0.0021 0.0021 0.0021 0.0021 0.0021 0.0021 0.0021 0.0021 0.0021 0.0021 0.0021 Trsulsfers Out: Percent of Revenue/Sales 54 (1) 0.095 0.095 0.095 0.095 0.095 0.095 0.095 0.095 0.095 0.095 0.095 0.095 Tronsfers Out 631,185 650,128 669,073 688,019 706,966 725,916 744,867 763,819 782,774 801,730 Note 1. Percent is taken times the revenue from sales excluding municipal. 2. 1999 adjusted for what appears to be extraordinay maintenance in 1998. The ]999 ]evel is assinned to be 323,000. a=forrc.ixt,Det Op Exp 1-12 12/3/97 ' Town of Estes Park Light and Poiver Department Capital Improvements and Interest Income 12 122Z 1221 1222 22 21 2222 202 2223 2®2 2/ 20/ Capital Requirements: (1) Substations 266,000 25,000 25.000 25,000 25,000 30,000 30,000 30,000 30,000 30,000 30,00( Meters ] 00,000 120,000 120.000 120,000 120.000 120,000 120,000 120,000 120.000 120,000 120.00( Transformers 180.000 150,000 - 157,500 165,375 173,644 181326 191,442 201,014 211,065 221,618 232.6% Street Lights 82.500 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50.00( Ovahead 59,000 25,000 25,000 25,000 25.000 25,000 25000 25.000 25.000 25,000 25,00( Under'ground 195,000 35,000 35.000 35.000 35,000 40,000 40,000 40,000 40,000 40,000 40,00( Img Range 1/B.Q® ML_ 2QQ.QQf Sublotal 1,220.500 945,000 1,126.500 710,375 740,644 1,023.826 609,942 889,514 3.655.065 786,618 797,6% Office, Shop, Stores 17,000 15,000 15,000 15,000 16,000 16,000 16,000 17.000 17,000 17,000 17,00( Computer 142,400 120.000 100,000 100,000 90,000 90,000 90,000 90,000 90,000 90,000 90,00( Vehicles 172,000 50.000 50,000 150,000 50,000 50,000 150,000 50,000 50,000 150,000 50.00( Buildings 12,500 15.000 15,000 15,000 15.000 15,000 20,000 20,000 20,000 20.000 20,00( Tools, Lab, Conm 1£2QQ 35.000 25.000 20.000 20.000 29.QQQ 2Q.QQQ 20000 22.Q® 2Q.QQQ 100( Subtotal 2®.EQQ 235000 2Qi0QQ 300.000 191.000 191.000 296.000 197.000 121.QQQ 297.000 197.00( Total 1,581,300 1,180,000 1,331,500 1,010,375 931,644 1,214,826 905,942 1,086,514 3,852,065 1,083,618 994,695 Customer Contributions: Investment 534,000 330,000 337,500 345,375 353,644 367,326 376,442 386,014 396,065 406,618 417,699 Percentage (2) 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Cust Contri. Capital 53,400 33.000 33,750 34,538 35,364 36,733 37,644 38,60] 39.607 40,662 41,770 Capital from L&.PD 1,527,900 1,147,000 1,297,750 975,838 896,280 1,178,093 868,298 1,047,913 3,812,459 1,042,956 952,929 Bond Funded 0 0 0 0 0 0 0 0 0 0 0 Cum:nt Rev. Funded 1,527,900 1,147,000 1,297,750 975,838 896,280 1,178,093 868,298 1,047.913 3,812,459 1,042,956 952,929 Bond Financing: 0) Years 10 10 10 10 10 10 10 10 10 10 10 Interest Rate 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.07 Level Debt Factor 7.0235815 7.0235815 7.0235615 7.0235815 7.0235815 7.0235815 7.0235815 7.0235815 7.0235815 7.0235815 7.02358]5 Princ. & Interest 0 1998 0 0 0 0 0 0 0 0 0 0 1999 0 0 0 0 0 0 0 0 0 2000 0 0 0 0 0 0 0 0 2001 0 0 0 0 0 0 0 2002 0 0 0 0 0 0 2003 0 0 0 0 0 2004 0 0 0 0 2005 0 0 0 2006 0 0 2007 0 Sublotal 0 0 0 0 0 0 0 0 0 0 Prnious Years Balance 3,718,565 2,990,716 1990,716 2,488,089 1,846,468 1,487,122 1,182,]58 570,891 223,882 -335,199 -3,686,776 -4,286,361 Years Swplus/Deficit 0 -502,627 -641,621 -359,345 -304,965 -611.267 -347,009 -559,081 -3,351,577 -599,585 -530,176 16 Avail. For Cap. Imp. (4) 0.97 0.97 0.97 0.97 0.97 0.97 0.97 0.97 0.97 0.97 0.97 0.97 Swplus / Deficit 0 -502,627 -641,621 -359,345 -304,965 -611,267 -347,009 -559,081 -3,351,577 -599,585 -530,176 Ending Years Balance 3,718,565 2,990,716 1488,089 1,846,468 1,487,122 1.182.158 570.891 223,882 -335,199 -3,686,776 -4,286.361 -4,816,538 Interest Rate 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.06 Intcest Income 223,114 179,443 149,285 110,788 89,227 70,929 34,253 13,433 0 0 0 Notes: 1. Provided by Light and Power. 2. Based on review of historical data. 3. Assumes bond funds would be 10 year term and 7% interest rate 4. Asswn= 3% of st•plus revenues would not be available for capital projects. Used for such expenditures as supplies and inventory. .eced,C. bre 1-13 2/3/97 M. E. Kiburz and Associates Consulting Engineers 443 Sugarloaf Mtn Rd Boulder, Colorado 80302-9639 (303)442-6450 Telecopy (303) 442-7472 December 3, 1997 Mr. Richard Matzke Town of Estes Park Light and Power Department 170 MacGregor Avenue Estes Park CO 80517 Subject: Light and Power Department cost ofundergrounding transmission line. Dear Richard: This is a preliminary assessment ofthe cost ofundergrounding the transmission line. The analysis is developed as follows. 1. Capital cost ofundergrounding transmission line is $4,000,000. 2. Annual cost to repay $4,000,000: a) Five-year repayment at 7% interest rate is $975,600. b) Ten-year repayment at 7% interest rate is $569,800. 3. Based on charge per bill: a) 1998 number ofbills excluding municipals is 99,543. b) Five-year repayment is a per bill charge of $9.80. c) Ten-year repayment is a per bill charge of $5.72. 4. Based on charge per kWh: a) 1998 kWh sales excluding municipal load is 103,188,000. b) Five-year repayment is a charge of $.0095/kWh. c) Ten-year repayment is a charge of $.0055/1<Wh. In addition there may be some incremental operation and maintenance expenses associated with undergrounding. This is a very preliminary estimate that can be refined. Please let me know if you desire further refinement. Sincerely, 7/&0 Max Kiburz 1-14 ~43*-Fi---'63* Department of Energy rA>i? 4 li/i·) 2 Western Area Power Administration RO. BOX 3402 Golden, CO 80401 SEP 10 1997 Mr. Richard E. Matzke . Director Town of Estes Park Light and Power Department P.O. Box 1200 Estes Park, CO 80517 Dear Mr. Matzke: In response to your July 18, 1997 letter, we have enclosed an original and duplicate original Right-of-Way Outgrant. The outgrant transfers ownership of the Western Area Power Administration (Western) Estes- Mary's Lake 6.9kV Transmission Line from pole 1/6 to pole 1/23, and it transfers the right to utilize Western easements to operate and maintain the transferred transmission line. Western is retaining the underlying easements since these easements are necessary to safely operate and maintain Western's adjacent Estes-Mary's Lake East 115kV Transmission Line. We have enclosed, for your information, copies of the easements upon which the transferred transmission line is located. If the outgrant is acceptable to the Town of Estes Park, please obtain the appropriate signatures and acknowledgments, and return the original Right-of-Way Outgrant to the following address: Mr. David Gaul Rocky Mountain Region Western Area Power Administration P.O. Box 3700 Loveland, CO 80539-3003 Should you have any questions, please contact Mr. Gaul at (970) 490- 7284. sincerely, F *AL t<_1~ R. Steven Warner Lands Manager Enclosures Printed on recycled paper ' 3-1 , A Original UNITED STATES OF AMERICA DEPARTMENT OF ENERGY WESTERN AREA POWER ADMINISTRATION CONTRACT AND RIGHT-OF-WAY. OUTGRANT ESTES-MARY'S LAKE 6.9 KV TRANSMISSION LINE THIS CONTRACT is made as of the 10th day of September, 1997, pursuant to the Acts of Congress of June 17, 1902, 32 Stat. 388, the Reclamation Project Act of 1939, 53 Stat. 1187 and acts amendatory thereof and supplementary thereto, and the Department of Energy Organization Act of August 4, 1977, 91 Stat. 565, between the UNITED STATES OF AMERICA, Department of Energy, Western Area Power Administration, herein referred to as the UNITED STATES, represented by the officer executing this document, and THE TOWN OF ESTES PARK, hereinafter referred to as GRANTEE. THEREFORE: In consideration of the mutual agreements and covenants herein contained, the UNITED STATES hereby grants and conveys to the GRANTEE the Estes- Mary's Lake 6.9kv Transmission Line, between pole 1/6 to pole 1/23, consisting of wood poles, phase conductors, overhead ground wires, insulators and hardware, as well as a Right-of-Way for all activities necessary for the operation and maintenance of said transmission line over easements described in Exhibit A and owned by the UNITED STATES. This Right-of-Way includes the right to use gates in all fences which now cross or shall hereafter be placed on the UNITED STATES easement. The granting of this Right-of-Way has been found by the UNITED STATES to be compatible with the public interest and is subject to the following covenants, conditions, and restrictions: 1. The UNITED STATES retains all rights not granted herein. The UNITED STATES owns this easement, subject to outstanding rights and mineral interest rights, and the Right-of-Way granted herein is effective only to the extent of the ownership of the UNITED STATES. The GRANTEE shall obtain such agreements as may be necessary in connection with existing rights held by other parties. 2. The GRANTEE agrees to obtain, at their expense, any and all agreements with third parties which may be necessary in order to additionally burden the servient estate due to the exercise of the terms of this CONTRACT or due to their desire to engage in activities which are not permitted under the agreements now in effect between the UNITED STATES and the underlying landowners. 3. The GRANTEE shall comply with all applicable provisions of Federal, State, and municipal laws and regulations in effect at the time of its activities under this CONTRACT. 4. The GRANTEE shall at all times exercise due care and diligence to avoid damage or loss to the real property. 3-2 5. The GRANTEE hereby assumes full responsibility at all times for adoption and use of necessary safety measures required to prevent accidental harm to their personnel engaged in activities on this Right- of-Way. GRANTEE shall indemnify and hold harmless the UNITED STATES, its employees, or agents, from any loss or damage and from any liability on account of personal injury, death, or property damage, or claims for personal injury, death, or property damage of any nature whatsoever and by whomsoever made arising out the GRANTEE's, its agents', contractors', or subcontractors' activities on the Right-of-Way. The UNITED STATES is liable only for negligence on the part of its officers and employees in accordance with the Federal Tort Claims Act, as amended. 6. No member of or delegate to Congress, or resident Commissioner shall be admitted to any share or part of this CONTRACT or to any benefit that may arise herefrom, but this restriction shall not be construed to extend to this CONTRACT if made with a corporation for its general benefit. 7. It is understood and agreed that the terms and conditions o f this CONTRACT shall inure to the benefit of and be binding upon the successors and assigns of the parties hereto, however, it shall not be assigned or otherwise transferred by the GRANTEE without the written consent of the UNITED STATES. IN WITNESS WHEREOF, this CONTRACT is executed on the day and year first written above. TOWN OF ESTES PARK THE UNITED STATES OF AMERICA Department of Energy Western Area Power Administration ACCEPTANCE «U_ Llo'&£A--$-4 By: Name: R. Steven Warner Title: Lands Manager Attest: Tame: Title: 3-3 CORPORATE ACKNOWLEDGMENT State of Colorado ) )SS. County of ) The foregoing instrument was acknowledged before me this day of , 1997, by , the , and by the , of The Town of Estes Park. Notary Public (SEAL) My commission expires: ACKNOWLEDGMENT STATE OF COLORADO ) COUNTY OF JEFFERSON ) u i.WA The foregoing instrument was acknowledged before me this ,/6/ day of 07=8€1 0 I 1997, by R. Steven Warner, Lands Manager, Western Area Power Administration, United States Department of Energy. Witness my hand and official seal. 6#Vli 11/ 4#9lha Notary Public (Seal) My Commission expires: F )031 3-4 Exhibit A a. Contract and Grant of Easement dated November 30, 1983, from Donald R. Spomer, et al., to Prospect Mtn. Development Co., recorded June 25, 1984, in Book 2277, page 2214; and Assignment of Easement dated May 4, 1984, from Prospect Mtn. Development Co., to the United States, and recorded June 25, 1984, in Book 2277, page 2226 of the official records of Larimer County. b. Contract and Grant of Easement No. 4-06-J2-49296, dated November 30, 1983, from Prospect Mtn. Development Co., to the United States, and recorded June 25, 1984, in Book 2277, page 2249 of the official records of Larimer County. c. Contract and Grant of Easement dated February 1, 1984, from Hancel M. McCord and Margaret C. McCord, to Prospect Mtn. Development Co., recorded June 25, 1984, in Book 2277, page 2237; and Assignment of Easement dated May 4, 1984, from Prospect Mtn. Development Co., to the United States, and recorded June 25, 1984, in Book 2277, page 2247 of the official records of Larimer County. 3-5 * IL 0- O LU 5 0 1- MM IN31SAS 12/8/97 ESTES PARK PURCHAS OWER-DEMAND -0-1995 000'9 L L661.-.- 000 AoN PO deS Bnv Inr unr ABIN Jdv Je'Al qe=1 uer Z-89 39Vd Loadhist.xls 22,000 - 21,000 - 20,000 19,000 000'LK 000'9K 000'9X , , 000'14 .. 1 1 11 " .....1 1 0 **4"4.· 8,~L¥·:'Or.71'~lf·"*,#,~,Fia~,:Li|. ~~~~~" :.i 'd.',n.'. "·?N-1 .e,12 .·'·~·?.1?hil?.l:,L. ·99 '2,,.I,,,,,'"~ 1 1 .- 1 - j---11/O<3%;**:°- 4. 48%72.P L 2'i-4·ditt·)·f .LL ...EE~k:N:1.#*U-f 24(@i*-' -P, ·, i:Fi...:i·6 -- i 1 *5' 3-1>-:.tk;.2*f}41}ilmFEE©*rh 5.1,iT;+*0 -4 9 -'·=-' = :, 4„v --5£.1 111 - 1 14 ../I::~.: It 1 - 100* 9% im.*m.tal#22*%*j***:21~'/ '4**g.':*0***14,1?'.%{*i' pii®fit #7 ~*~@Mi%*i*96:fli~:~.EZZ;%2*#¥241£~'~51%1 J ;f: ;Nt>E}*34*48®F@FEN -92 ¢z . ..2 0 6 1 1 1 1 HMM KIH1NOIN Loadhist.xls 12/6/97 01995 966 Xm - - - 000'000'9 L66 L m 00 AoN PO daS Bnv Inf unr XeIN idv J e IN qa=1 uer MONTHLY ENERGY PURCHASES 1 - - 000'000'Z £-SS 39Vd 12,000,000 10,000,000 -- 8,000,000 - - -- 000'000'4 1 1*241* 0 0 N C, 1 1 aBSVHOklrld HMM GiA ;t.XIS 12/6/97 · ' 966 K 0 966 L m L66 k I 1997 YTD VS 1996 ~ ENERGY PURCHASES YEAR TO DATE 120,000,000 100,000,000 80,000,000 - 000'000'09 000'000'0* - 000'000'oz 1 1 Im~*e~&&~*Re;%~~~~~*0**1*i 1 1 7 1 I . 1 Aia@m====2~,E 1 1 1 1 11 1 4. !- 1 1 ($) 93-IVS A-IH.1.NOW Salehist.xls 12/6/97 . ' 966 k m 01995 L66 L E oDa AoN PO deS Bnv Inr unr Xevy Jdv JeIN qa=1 uer ESTES PARK LIGHT AND POWER DEPARTMENT ELECTRIC SALES BY MONTH 9-89 39Vd 750,000 700,000 650,000 600,000 -- 550,000 - 000'004 -- 000'009 - - -- 000'09* - - 000'09£ 000'00£ 1 1 1. ..1 1 '..1 1 1 1 -1-1 E - I'l %·V·?.' Im.· ···I··3~..1.~~ U.22'' ~l / 4& <7379.2 i.VE. *.-P--3€,:ge'~P:E:% .. t ..Eer. - .. ..3... -kI. 59 i ....... t- 1 1 1 . 1 1 C ($) 93149 3190 01 1193* : 01995 11996 m 1997 4,000,000 3,000,000 000'000'Z 000'0001 4 0, -00 -CD LO CO CN (M)1) avol W3.LSAS NOV97LD.xls 12/8/97 00183d >1Vld 330 L6/17 1/ 1 L -il- L6/ L 1/ l l -1- ESTES PARK LIGHT AND POWER DEPARTMENT 19,238 17,48~-1 DZ EZ ZE LE 01 GL BL LL 91 GL V L EL EL LL OL 6 DAILY LOAD CURVES eNIONB klrIOH L-8S 20,500 - 18,500 - 16,500 - 14,500 - 009'Z L - 009'0 L 009'8 t~~ j~ ·~:9€44- al -9*%1-(lill#/,,6?1~~2.t/t,t/4---//d,i "fil"Mit.,Eff- :fi ~:4-:.1:: ~~~-:i....i nt~ - *b:r'ff~:F·~ 130»4' 2 ·evt-I. - .' 2~» 7.,EM~ =RP.t .1- 7% i. · 0 . AAM IN31SAS Loadhist.xls 97DMD 12/8/97 O PEAK SNITIIE] m oaa AoN PO daS anv Inr unr Ael/\1 Jdv J BIN qa=1 uef PEAK DEMAND VS. BILLING DEMAND 9-89 25,000 20,000 -- --000'01. -- 000'9 15,000-- ADVISORY COMMITTEE FOR RESTORATION OF FALL RIVER POWER PLANT Arthur Anderson EPURA Betty Kilsdonk Museum Director Mike Mangelson Light & Power Gene Oj a Museum Advisory Board Frank Hix, EE, ME (General Electric) Frank Parks, ME (Lumber Dealer) Tom Watts, ME, PE (General Electric) Mayor Robert Dekker Ex-Official (formerly Light & Power Director) To Be Announced To Light & Power Committee December 11, 1997 First Committee Meeting Between January 1st and January 10th, 1998 To Be Announced MEMORANDUM To: Estes Park Board of Trustees From: Betty Kilsdonk, Museum Director Re: Fall River Hydroelectric Plant Date: November 24,1997 The Fall River Hydroelectric Plant is located on the Fall River about three miles northwest of the Town ofEstes Park, and 600 feet east of the eastern boundary of Rocky Mountain National Park. The plant was completed and placed in operation by 1909, and operated until July 15, 1982, when it was damaged by the Lawn Lake Flood. The hydroelectric plant includes three structures, the power plant, operator's cottage #1, and operator's cottage #2 in a 2.273 acre area. With the exception of a post-1919 diesel generator removed before 1944, the building contains the two original hydroelectric turbines and a pre-1919 diesel powered generator. The Estes Park Electric Light and Power Company was incorporated in 1908 by Messrs. Stanley, MacGregor, James, Munson, and Bond for the sole purpose of providing the Stanley Hotel with electric power. The hydroelectric plant allowed the Stanley to claim that it was the first hotel in the country to heat, light, and cook meals exclusively with electricity. The plant was soon furnishing power to the residential customers as well. Water for the penstocks to drive the turbines was taken from the Fall River through buried 30-inch steel pipes from a dam and diversion structure at Cascade Lake. The Estes Park Light and Power Company became the Stanley Power Company sometime between 1908 and 1928. In 1928, the Stanley Power Company sold all its rights and facilities, including the Cascade dam, pipeline, and water rights, to the Public Service Company of Colorado who then sold the facilities to the Town of Estes Park in 1945. Fall River Hydroelectric Plant Restoration Project The Town ofEstes Park would like to restore the plant to the period of Stanley ownership, prior to 1929, and interpret it to the public. A Fall River Hydroelectric Plant Advisory Committee, appointed at the December Light and Power Committee meeting, would guide the project. One of the first steps in the project will be to amend the already existing Stanley Hotel District National Register ofHistoric Places listing to include the Hydroelectric Plant. Inclusion in the National Register will enable us to apply for State Historical Funds to assist with the project. National Register of Historic Places The National Register ofHistoric Places is the official list ofthe nation's historic and archaeological resources worthy of preservation. It contains buildings, districts, historic and prehistoric sites, structures, and objects significant on a national, state, or local level. The National Register is administered by the National Park Service. In each state, a state preservation office conducts the program. In Colorado, the Office ofArchaeology and Historic Preservation, a part of the Colorado Historical Society, administers the register. .$ Benefits of National Register Listing -Increases pride of ownership and expands community interest and appreciation of its cultural resources; -Stimulates local preservation planning; -Creates a body of information available for community promotion purposes by such local and state agencies as chambers of commerce and tourism departments; -Qualifies a property to compete for grants from Colorado's State Historical Fund. These grants may be used for acquisition and development, education, and survey and planning projects; -Provides limited protection to listed or eligible sites from adverse actions by federal agencies or agencies using federal funds. Such agencies must request the comments ofthe State Historic Preservation Officer as well as the Advisory Council on Historic Preservation before beginning projects affecting historic properties. The purpose ofthis consultation is not to impede or halt development, but rather to assure that the value ofhistoric properties is given direct consideration in federal planning decisions; -Qualifies a property to receive federal assistance for historic preservation, when funds are available. Funds are presently unavailable; -Encourages the renovation of income-producing properties and revitalization of historic commercial districts and residential neighborhoods through tax incentives. These incentives include investment tax credits toward approved renovation costs of listed commercial, industrial, or rental residential buildings. -Permits easement donations. Buildings, structures and open spaces listed on the National Register qualify under the Federal Income Tax Regulations and the Colorado conservation easement statue as certified properties for the donation of a conservation easement. Such a donation enables the property owner to protect a property in perpetuity and allows for a charitable contribution deduction. Criteria All nominated sites must be over 50 years old with their original historic character well preserved and the integrity of setting and materials retained. Sites must meet one or more criteria, including association with significant events or persons, embody architectural characteristics, or yield information important to prehistory or history. The hydro plant qualifies for its association with F.O. Stanley, with the development of the tourism industry in the area, the growth ofEstes Park, and with the development ofhydropower in the state. The Operator's Cottage #2 will be considered a non-contributing structure to the Stanley Historic District. In 1933 and after, it almost doubled in size, from 338 square feet to 642 feet, substantially diminishing its integrity. Elements from the cottage may be used in the restoration ofthe other two buildings. Local Properties Listed on the National Register of Historic Places Baidpate Inn Elkhorn Lodge Hewes-Kirkwood Inn (Rocky Ridge Music Center) Homestead Meadows Enos Mills Homestead Cabin MacGregor Ranch Park Theater Stanley Hotel In addition, 15 properties and 2 districts within Rocky Mountain National Park are listed. On the Colorado State Register of Historic Properties: Estes Park Chalet Mountainside Lodge, YMCA ofthe Rockies Restrictions The National Register imposes no restrictions as to what property owners may or may not do with their property. National Register listing does not dictate use or zoning. The Town can paint, alter, or even demolish the structures without permission. However, actions that compromise a site's historic character may cause the property to be removed from the register. As with most granting agencies, restrictions will likely come with the State Historical Fund grant. Grantees enter into a standard written contract with the State of Colorado. Preservation work on historic properties must adhere to the Secretary ofthe Interior's "Standards for Archaeology and Historic Preservation." Projects interpreting history through museums, brochures, outdoor exhibits, etc. must be approved by the Colorado Historical Society's Office of History and Roadside Interpretation. In addition, the state may impose a stated period of time during which the work funded by the grant cannot be reversed. Sequence of Events --=~ November 28, 1997: The Town of Estes Park submits the National Register Nomination to the Office ofArchaeology and Historic Preservation. December, 1997: The Light and Power Committee appoints a Fall River Hydroelectric Plant Advisory Committee. February 13,1998.The Fall River Hydroelectric Plant National Register Nomination is reviewed by the Colorado Historic Preservation Review Board. Apr il 1, /998: The Town of Estes Park submits planning grant to Office of Archaeology and Historic Preservation for State Historic Funds. The Town must provide at least a 25% match. Spring, 1998: The National Register nomination is forwarded to the Keeper of the National Register in Washington, DC, who makes the final decision concerning the listing. August-September l 998: Town of Estes Park is notified ofplanning grant approval. 1999: Based on the results of the planning grant, the Town of Estes Park submits a project grant to the Office of Archaeology and Historic Preservation for the Fall River Hydroelectric Plant restoration and interpretation. FALL RIVER HYDROELECTRIC PLANT National Register of Historic Places Proposed Site Boundary -94%6~JI7----Tr ---~~02<Sca<p~--~~_, '# '. I_..,f&- -- -<»3> .... 262174 1-0---_2:>-_ -z _ N 13=~L - ----2-2<222..-Xb~U...I./.-.*..I-L - - - AA \4 . h ..7 \.N-- 8090 96.4.0-1 *04870 2---22·/1 1-: ; ,/ /, I f ---·ZE»-IL j ---CJ 01--- 8/10 -- - < -4 --4-- :t) ,1 0070 -43122--22 I--Rust-2-3.-4-7=1,1/t. K-%wjv:%~5~~~il>+1» '~ 1,,2, 1.<ft----8&40---z = 156&.<jif,15' - i-4- « r j\U E-'--=352 8050 -5 - --- -\ -li..--· i.- -,fi - -2-- 0-4-,1-<92-447- 0---.49----<962/ _ -1.' ' . 4>J ji ) / ......... 0437·...fr--2--· €32-ER,r---al/,2~47<2 -- --, -'* i' M»9 f 46-' -<-.--- -·--AL,L 8080 7 -· '.-- ) r--// ./ 3 j~ 0 )3 '' 1 v.°U-ei]68-2« ~ _ --/52~SLISift/....Erhz'-I-»31. 2- · * , -efff/ N/7-~ flo ,< , .9(4 1 94. .. 1 --9- r -5.A.I--I<, ly 1/ C * *- .-STrat,1 74<j// 14///-/t-fi- 42.. 4 fir, ' j ~;'f - ·2--- 27- f F- ,< 47 „ <<x; c J.tu, 11._.1,-t»0/4 6 r 4 l -r €EN '-- 9- ~ 0\ ». ~ - --4 0 ~79- -~2-_Uivy-- k . \3 743 '9---ve>_3---fALL '1 Filic.A- ---------7-.2 -.--7, 1.-'....~ f ' 4 j 177 p>'E==0=9 i \ .2:Ok.-222- 8060 7 - 4-~3\\ f~ -,2 1 8012 4 . IN '.46 i i \ , j h \ 1-€-t£(-11A1> -O...£ \ j 1 --1-'/=/.Cl~zi/N:*eu i' 4.1 1" = 100' 2.273 acres r- FALL RIVER HYDROELECTRIC PLANT Garage (destroyed in 1982 Lawn Lake flood) ---1 Dirt Access Road Cottage #1 . V «f- Cottage #2 (non- contribut' ) \\ Plant 0- X \/ Fall River l/-. III 0---4 -3 4 1 4 O . 0 L C. r .@ 3 W U C t -c U * 6 7 C > w sti ° U C. C 9 -0 2 3 1 M y 2% -2 0 U 50 = .2= 2 EVE=-2-2=-* 7-* 2 -IM Et m v l. I. al . 1- 0 m .- 01 4 . = 1 2- . 2. I = B 7 = 6 6 5 j 9 e g u u ' u -- 05: 6. 55,5 1 C . 3 m E E 13. 9 -8 2 -1 z -1 1 4 4 9 -5-1 ~ iti·i 1 i <O*L EC= 5 .m RS i ,;13 ~ 2 9 91 -2 4 -3 9 1 a 1 -2 1 -1 C .E * 8e -0 Z C ic r 3 do d w LE 2 CL P : 3 MO M O U U L -6 V *% c 7 0 - -0 -O U . .S 9 € _ ·Cum :· . L 9- coc E £ 'X · - 0 e -2 .J C I I U. 0 -C -0 W -r 4 2 n _2 €3 0#/2.. 5%€~€ . r 2. 3 il 1= 3 (Mwf 1- 4 c -2 -0 C - E £ u = 71 5 -2 J = 3 9 W 5 2 : ·E 4 2 1 . ~ li 1 14 „ lI : < 3 En. CL 6 1 : 1 2 - 3 2 '15 CL =U 2 1 re -1 ~ ~ 9 1 5 & / 9 2 2 21 1 EM M: U E R. 2 5. ES 4 -c E In 1 W Z U CiA I U 1 0 - u es D.0 C 10 -42% 2 -0 -0 . 0 88 8 diGEcZdg ....„ ' .11% -8 +E E ~1 a:77 220€a XC/D 1 * 22 4 9.~~ 2 *:-8 5 8 .- iE : iz it -i il -~ % 1 ·§ 4 it ~ 1 - 2 : 1 £ 1 & : 2% U u L w A ·- -3 C S Cocorad, 1/l'SID,*6 Ajoi,4.- 0£.c.i917 41OH 'UJOpllal)@H alea DE,UO) pin s .I~iz!3~'8oe~ oSI! -~~~ilst2~~'LJ:;98~~£10EJJ1112'1 1~~40-'d pUI idl.le )1- OpEJOIOD J 100[) OIlols[H ls.3 g uo d 'uouuzzurti.,0 10212041 X]iuntutuo:) e 'Si,1<Pld 0 tion and advertising hignb, the asing demand ne- first wpirintendent, George Co Wiificant 1923 r-hour operation, an e modern power building and city employees cor ient location 3 1131 ~30.IpA q uo sossassod ut.010, 'pJAIOAUE UiD;q Seq AHS 041 43'HAA 411&~ iuuEd .12/v•~od 41 '1,0 3 cor) Jo 041 UO 0061 u! 41! ·Slueld SUM 11 u34''A '8561 1!lun Up!!BS 01 X1131,13019 pop pguiLU.Iolop 4014LM Xpnis iricdoid 01{1 popunj luciS 0 4 io; Smplinq 041 poselpind luotud 3.015!11 S!91 UI LUnisnul ue utqsr[quiso Jo Al![ 1584 041 AL laluor) Al,UnUILUOJ pul? Slle UE SU :)Sn 31 'sd,qs.Qui.Ied Iniss,Jins exo age)1113LUO.I U liI 'Suiplinq d 3 1 'sli H jUISIC.Ipunj pur 61!104 133]UnIOA AUUU] 241 uo IliM SI nasnU.I 1 341 'Xuedtuor) 03!Alos Militld puooos V 'sl[ 101131XJ 13'lq 241 0101901 PUB 'SLU.019,44301 aqi 11101; OOUllSISSE 10; Xjitunb 01 X.Iess ojou uoilicuS s 9P J41 JACq lueld [If 8015 2 1 'sooutul o od zo e 41 u nu 4,0.1.2.9,gop UO UOU. d 'puncd le 10 9 Jinidinis podopup X ideuuM 51)01„41 pund LED,Jols,H 011'15 '11:11(3,8 >IMVPN Ag ' 9 main focus of the State Historical Fund (SHF) is the preserva- at Colorado State University, t c nof publicly owned historic resources. Libraries, courthouses, received a $75,0()0 grant in and town halls, and schools i jority of su 1993 for general restoration nects. But in a tew inbtatices, come involv work. This brick and terra corta building recently ben- wer-gencrating plants generally tall into two catego- efited from wittilow repairs, aihington at )regon), Colorado'% historic power Two li 1.wl-fired crated. Coal win burned to create power plants have been the ed an engine that drove the generators. crcat- sul,ject of planning grants. A fe The first power plants pro d small amounn of abandoned Public Service Corn 4 e 1 PI, nt in ;ra luz or s ecific buildings. A; power str c and transmession was completed in October. Th d however, larger and more ret-tic ants were developed interviewed was to iunvert the nventions asdectri- the hirt'|Morgaric,1,~,1,iver' ip'~jIt pwud puu sis!Joloui Burssed 'L 8 8 [ u! X u ed tuoI) uosip) 741 4 ll .nq 'iuu (c 041 posn uopepuno; 041 uoil :{HS 000'05$ e loj uounildde Iniss»ons 8 poijiwq '101001!p ·)Alin:gxo Diti!1-Ilnj u [Iuju[ pur'• pug Sloop J.Iols,-1 'luatuaor~dal joo inol 10[8111 C tiUILUOODC] 01 XEM Joj suqd jo uouidopA@p 341 Ut poiSISSE XpUO)01 000'9$ 30 JUEJS ts in some pam ot the coillitry are hydroele·cmc mechanical syste·Ins. *Oc]111'}1 S,UBBIOIN llc).-1 JAoqu /0ueld u ado ({ons isop[0 24 3 EPTIES 041 £86 I UI *osnotpleM B 011,1 ~~Ortlng HISTORY r<xi) 1, or hydro (w.itcr) powered. While the vait iii.11„rity brick repointing, and upgraded power for entire communitie . ca lant~ oper- tacilit~· houSmg allerv, work, id 0/n d Dijols[q Xuetu Je 024-1 -Ippe u 191.10 241 07 UOUIppe 31.10]SiI{ 13 jO UOUBJOiSO ~ .4,=1 10*7*,•,I -upon< .nk Xitioul *0108.[()39 41 UIJO; 1 4 3801 pa>(-1()Al jo 43 091 £661 ul 'Jugd ow jo 911!p'Inq illetu glil ul .1,u reserving Historic Power Plants --- --- Pur S 06 I Ul pojollis'Uc <101010 E-1 U()191,Aut)3 itil,Ud puB SoUTSU)[ 341 Xq poidn:xx, SJ[l[ALDE 1 E Oj J ZSZ-998/00£- Suqfro X04Epi~~~~~05Jt)[tkils UE se stiulS MOU U 101 2UIUIO|pe UE